Why IBM (IBM) Stock Is Moving in After-Hours Trading Today

NEW YORK (TheStreet) -- IBM  (IBM) moved in after-hours trading on Thursday after the tech giant reported second-quarter earnings results that beat analysts' expectations.

The company reported earnings of $4.32 a share, excluding items, on revenue of $24.36 billion. Analysts polled by Thomson Reuters had expected earnings of $4.29 a share on revenue of $24.13 billion.

The stock was up 1.3% to $195 at 4:15 p.m.

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Separately, TheStreet Ratings team rates INTL BUSINESS MACHINES CORP as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate INTL BUSINESS MACHINES CORP (IBM) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: IBM Ratings Report

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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